Equities research analysts predict that Freshpet Inc (NASDAQ:FRPT) will report sales of $42.00 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Freshpet’s earnings, with the lowest sales estimate coming in at $41.60 million and the highest estimate coming in at $42.61 million. Freshpet reported sales of $34.51 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.7%. The company is expected to issue its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Freshpet will report full year sales of $42.00 million for the current year, with estimates ranging from $184.82 million to $189.00 million. For the next financial year, analysts forecast that the firm will report sales of $223.94 million per share, with estimates ranging from $218.20 million to $232.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Freshpet.
Freshpet (NASDAQ:FRPT) last posted its quarterly earnings results on Monday, March 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The company had revenue of $40.70 million during the quarter, compared to analysts’ expectations of $41.14 million. Freshpet had a negative net margin of 2.73% and a negative return on equity of 3.85%. Freshpet’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company earned $0.04 earnings per share.
Shares of Freshpet (NASDAQ FRPT) traded up $0.45 during trading on Friday, reaching $18.30. The company had a trading volume of 357,731 shares, compared to its average volume of 216,649. The stock has a market capitalization of $632.50, a price-to-earnings ratio of -128.21 and a beta of 1.56. Freshpet has a 52 week low of $10.45 and a 52 week high of $20.85.
A number of large investors have recently added to or reduced their stakes in the business. Gilder Gagnon Howe & Co. LLC lifted its stake in Freshpet by 59.4% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 2,682,342 shares of the company’s stock worth $50,830,000 after purchasing an additional 999,832 shares in the last quarter. BlackRock Inc. lifted its stake in Freshpet by 4.9% during the fourth quarter. BlackRock Inc. now owns 1,521,275 shares of the company’s stock worth $28,827,000 after purchasing an additional 71,368 shares in the last quarter. Vanguard Group Inc. lifted its stake in Freshpet by 3.6% during the second quarter. Vanguard Group Inc. now owns 1,095,224 shares of the company’s stock worth $18,181,000 after purchasing an additional 37,762 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Freshpet by 7.4% during the third quarter. JPMorgan Chase & Co. now owns 1,062,292 shares of the company’s stock worth $16,573,000 after purchasing an additional 73,182 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Freshpet by 2.1% in the fourth quarter. Bank of New York Mellon Corp now owns 639,033 shares of the company’s stock valued at $12,109,000 after acquiring an additional 13,274 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.
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Freshpet Company Profile
Freshpet, Inc is a manufacturer of fresh, refrigerated pet food distributed across North America. The Company operates in the segment of manufacturing, marketing and distribution of pet food and pet treats for dogs and cats. The Company’s products consist of dog food, cat food, and dog and cat treats.
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